Being a real estate agent comes with pros and cons. Before you start on this path, there are advantages and disadvantages to think of, including popular topics such as RE agent fees and hours.
Advantages of being a real estate agent
Once you start earning, you earn big. If you start your own company, all the earnings will be yours. If you’re a part of an agency, you get to keep a handsome commission. Keep being a good agent and you will soon make more money than other people your age. Of course this happens while you start building your name in the market. Once you’ve sold a good amount of properties, clients will be lining up for you to help them. Being a real estate agent also comes with the pride of being your own boss, should you choose to start your own agency. This means more leniency and freedom. You even control your hours because the job is flexible.
Disadvantages of being a real estate agent
Unfortunately, you need to be very lucky to make your first sale within your first month. If you don’t have savings or a paying job to support you, this can be a tough time. You also need to remember that whatever effort you put in a prospective sale, if the deal is not closed in the end, you will not get paid for anything. Your commission is based on the closed deal, so an “almost closed” deal will not count even if you worked hard for it. Since the hours of being an agent is not fixed, sometimes you may have to work at odd hours to accommodate your clients. If a client wants to see the property and the only available time is at 7PM, you have to accommodate them otherwise they will look elsewhere.
As with any career, being a real estate agent comes with advantages and disadvantages. At the end of the day, you have to decide whether you are okay with them before you choose that career.